ART MARKET WATCH
Nov. 3, 2006As New York’s November auction season shifts into overdrive, all manner of high-profile sellers are taking advantage of one of the hottest art markets ever. As has now been widely reported, Hollywood mogul
David Geffen has sold
Jackson Pollock’s
No. 5, 1948, for some $140 million to
David Martinez, 48, the Mexico-born founder of the London-based
Fintech Advisory Ltd. The price is said to be the highest ever for a contemporary painting. The sale was reportedly brokered by
Sotheby’s auctioneer
Tobias Meyer.
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